Query on MRP

This query is : Resolved

ARUN MAHESH (Querist)
Follow

28 January 2009 What is the implication if a trader has sold goods at a price more than MRP and the whether the resptive case is to be dealt according to standards weight and measurements act

CA. B.SRINIVASULU

CA. B.SRINIVASULU (Expert)
Follow

28 January 2009 When you fix mrp the excise duty is being paid on the same.

If you say you are selling more than the mrp price then you should pay the revised excise duty.

You should also check what is the product. For eg if medical items are there and if you are charging more than mrp it is an offence.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now